Alert: Packaging World now enhanced for the iPad and iPhone. Watch a quick video preview
Article |

Pharma outsourcing grows, generics gaining market share

Overall, global demand for healthcare and therefore related products will rise with emerging markets.
Print Reprint
     
Slice and dice the research how you will, global trends in pharmaceutical contract manufacturing and packaging appear to paint a relatively healthy picture despite, or perhaps because of, the slow economy.

Overall, global demand for healthcare and therefore related products will rise with emerging markets. Rising economies, and rising investment in healthcare development, will lead to correspondingly strong demand for packaging, according to a study, “The Healthcare Packaging Market 2011-2021” from research firm Visiongain. The study forecasts that the global healthcare packaging market value will reach $87.3 billion this year.

More broadly speaking, global demand for pharmaceutical contract manufacturing services is expected to grow at an annual rate of 11 percent through 2013, according to another study from MarketResearch.com.

The study cites rising demand for contract services as cost pressures combine with the slow economy to push pharma firms to outsource. Leading pharma companies are among those looking at this model as a means to expand into the biosimilars and generics segments.

And generics are growing, with global spending set to rise to 39 percent of all pharmaceuticals by 2015, reaching nearly $1.1 trillion. That’s roughly double generics’ share from about five years back, but represents a slowing compound annual growth rate of 3 to 6 percent over the next five years vs. the 6.2 percent annual growth seen over the past five years. Lower U.S. spending growth, patent expiries in developed markets, emerging markets and global policy are covered in a new, downloadable report by IMS Institute for Healthcare Informatics

Comments(0)

Add new comment

ADVERTISEMENT
E-BOOK SPECIAL REPORT
42 Best Package Designs
Sign up to receive timely updates from our editors and download this e-book consisting of our editors' picks of most notable package designs. Updated for 2014!
x

 

Newsletters
Don’t miss intelligence crucial to your job and business!
Click on any newsletter to view a sample. Enter your email address below to sign up!
GENERAL INTEREST

New Issue Alert

Packaging World Magazine

eClip

Breaking packaging news

Packaging Insights

Pertinent packaging issues

On the Edge Blog

Workforce Development

PACKAGE DESIGN/
DEVELOPMENT

Greener Package

Sustainable packaging

Shelf Impact

Package design strategies

Each newsletter ranges in frequency from once per month to a few times per month at most.